Foxconn, a major electronics manufacturer for Apple, Google, Nvidia, and others, confirmed a cyberattack impacting some North American factories. The ransomware group Nitrogen claimed responsibility, stating they stole over 11 million files including sensitive data from Foxconn's clients. Foxconn's affected factories are resuming normal production, but the hackers threaten to leak stolen data if their ransom demands are not met. This incident highlights ongoing cybersecurity risks for major tech suppliers.
Foxconn, a major supplier for Apple and Google, suffered a ransomware attack that disrupted some of its North American factories. Hackers claimed to have stolen 8 TB of data, including sensitive project documents related to clients like Apple, Google...
Washington signals easing tariffs and export controls with China, raising hopes for companies heavily exposed to the Chinese market. Apple stands to benefit most due to its manufacturing and sales presence in China, with tariff relief directly improv...
Apple's recent quarter showed strong iPhone revenue growth and a $100B buyback, but rising memory chip costs pose risks to its hardware-heavy business. Despite a 48% gain over the past year, insiders are selling shares, and the stock trades at a high...
Nvidia leads the AI chip market with GPUs essential for AI infrastructure, yet its stock trades at a significant discount compared to peers like Apple and Microsoft. Bank of America projects Nvidia could generate over $400 billion in free cash flow o...
Apple's CEO Tim Cook received a total compensation of $74.3 million in 2025, which is 533 times the median employee pay of $139,483. Cook, who has led Apple since 2011, announced his retirement and will be succeeded by John Ternus, the senior vice pr...
